The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-07
THE BOOM'S RECORD RAISED
A Slight Increase Yesterday in the
Number of Real Estate Transfers.
Thirty Eight Sales. Amounting in the Aggre-
gate TO Over $74,000-Instances of Re-
markable Advances in Land Values.

was considered of little Importance 1t was the
busiest day realestate dealers have had, and
while the aggregate consideration fell a little
short of that of Wednesday, the record was
beaten in the number of transfers The clerks
in the recorders Office say that they haven't had
minutes leisure since the boom began. 1t is,
indeed. harvest for Recorder Keay. who has
found 1t necessary to employ extra assistants to
do the work. The report that gas had been dis
covered at Broad Ripple yesterday, had
marked effect on the market, and prices espe
cially on property north of the city, went up
with a rush. There demand for blocks
and lots in every portion of the city, and buyers
closed trades wherever they could find anything
like a fair bargain. About the only property that
could be bought was outside the city.
Valuable property in the heart of the city isn't
for sale at any price, except that in the hands of
the real-estate men, and they disposing of it
almost as fast deeds be made out IA
month ago." said one land seeker. "there
hundreds of owning valuable down
town properties that wanted to sell,
and invest their money in other
ways. but you can't induce them to
set price. Everybody realizes that an invest
ment real estate is the best that can be made,
and those who have property are going to hold
on to it and buy all the more they can. Real
estate taxation is remarkably low here. and that
is one reason that money is seeking investment
in it,"
The lucky persons who own land north of the
city were about the happiest men to be found
yesterday. Buyers after their land in
focks but they will not SELL Last week part
of the Bruce farm, at the upper end of College
avenue, brought 50, 600 per acre. and yesterday
land adjoining couldn't be bought for 1900 per
Joseph Boswell last evening, who owns a fine
tract near the Bruce farm.
The property north of the city was not all
that raised with the new gas boom yesterday
Holders in every locality in and around the city.
caught the spirit and marked three figures
where they had previously had but two. "a
customer of mine wants 50, 600 more to-day
than he asked yesterday for eight lots" said
reaestate agent; and many others handling
property had the same experience. Still, there
is plenty of property that can be bought for
prices that are really low 1t may be hold at
double what it was month ago. but it is still
cheap. the agents claim, when the future of the
city is taken into consideration. The people
have become accustomed to bankrupt prices,
and can't realize that property. that has
doubled in price is still cheap.
that were not recorded. Among them was the
sale of 204 feet front on Delaware street by 2O9
feet on Fifth street. for 900, or 800 per foot
The price is 20 per cent above that asked last
fall aud 10 per cent. below what the purchaser
says he get for it. 1t was a vacant
piece of ground. There were more inquiries
yesterday than ever before for unimproved lots
in the northern part of the city above Fifth
street. Ordinary lots beyond Eighth and Ninth
streets are bringing from So 900 to So 900. Sales
made in Allen & Roots north addition yes
terday for So 900 per lot.
The largest deed recorded yesterday that
for the NJ. L S. T. building the Circle. It
was sold by James B. Smith to Mark C. DAVIS
for 1913, OOO Two lots In Holmans addition.
north of the city. brought 50 600 each.
The boom has also struck North Indianapolis,
and several sales were made there yesterday.
The average price paid for ordinary vacant lots
$3.50
One lot sold yesterday for S.. 000 The Fletcher
& Sharpe property is still going, and Receiver
Wallace yesterday disposed of something over
So 1000 worth, all in Oak Hill Place. The sales
consisted of eighteen lots to Horace Bennett. for
So 2OO six lots to John S. Appel for 81 200, and
one lot TO Edward w. Butler, for So Following
were the deeds recorded yesterday:
Charles Gotthardt aud wife to William
Buenemann lot IS, in klirgensmith's
corrected subdivision of outlot 129. in
William Wallace receiver to Horace r.
er's Oak Hill addition to Indianapolis. $4,000
William Wallace, receiver. to John D. APP
pei six lots in Ingram Fletcher's Oak
Hill addition to Indianapolis 10000
William S. Hubbard to Noble Braun,
fourteen lots in Hubbards Park Heights
addition to indianapolis. 1,OSOOO
William Wallace receiver, to Edwin w.
Butler, lot DOrSeys subdivision
of A. E. & /. Fletcher's Oak Hill addi-
ton to indianapolis NATURALIZATION. 1000
lot IA. in square 55, in Indianapolis 13, 100000
Edwin r. Wolever to F. NJ. Montgomery.
lot34 in Edwards's subdivision of block
49, in Johnsons heirs addition to In
Harry j. Milligan. trustee to Ollie En-
glish, lots 26, 81 and %. in square H.
to Indianapolis .,U,'.~~~s -, 1880
Charles E. Coffin, trustee to Jane B.
Northway lots % and 20, in G E. COT
fms East Vermont-street addition to In co.,
Felix Keenan, and wife to William i.
Hicks. lot 2S9. in E. t., s. X. & A. E.
Fletcher's Woodlawn addition to In
Andrew A. Heller and wife to Carl Won
Hake lots 2 and 8 in Mary A. and Geo.
G. Holman's addition to Indianapolis. 100000
The Indiana National Bank to Elijah S.
Elder ct al, 13 lots in Wiley's addition
and Wiley's second addition to Indian
William Reynolds to Chas F. Reynolds,
lot "a in Fiscuss subdivision of part
/. Indianapolis $3.50. 800 ...o-. $4,000
David F. Swain and wife to Catherine
Troy lot 26 in Brown eft al subdivis-
ion Of part of outlets 1O7 and 1OS
samuai Tp9ior to olive osgood lot So ''ooo
apois 100000
William Wallace receiver. to William
Bertelsnann lots 43, "A As in
Clifford Place addition to Indianapolis 245.OO
William ]. Manning to Benjamin Z.
in Indianapolis. 100000
oliver ID. Horton TO Cynthla Frlndle, lot
1913 in f. T. and s. K. Fletchers subdi-
vision of an addition to Indianapolis 65O.0O
Lockwood Hoyt to Frances Rosenthal lot
Is in t. r. Fletchers subdivision of
outlot So, in Indianapolis -.--.---.-.- $4,000
Robt Kidd and wife to Theo. p Haughey,
lot 10, in the Indianapolis Car Com
panys addition to Indianapolis 10000
Belle G. Monroe to Mary NJ Dennis, lot
1873 in Allen & Roots north addition
indianapolis. Observation-Disclosures. $500 90
Julia A. NJ. Ryder to VIM. F. Qngley,
lot So, in Allen & Roots north addition
to Indianapolis OBSERVATION-DISCLOSURES 100000
Mary E. Hogshire to Charles w. Meeker,
lot 80, in Johnson and Hogshire's East
Washington street addition to Indanap-
Francis NJ. Dice to VIM H. Kavlor, lots
So and Sc, in Fletcher eft all subdi
vision of outlets 90, 81. 90 and south
lalf4 I1,dia arAcl;x